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Let’s have a detailed review of the company and analytics of the Maagh Advertising IPO release date, IPO offer price, subscription, Maagh Advertising Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs. 60
Listing At BSE SME
Min. Order Quantity 2000 shares
Listing Date Oct 10, 2022
Offer for Sale
Fresh Issue Rs. 912.00 Lakh
IPO Size Rs. 912.00 Lakh
Tick Size 1

Maagh Advertising IPO is listed at a Rs. 50 premium. Check out the live share price by clicking on the below link.

Maagh Advertising IPO – Summary

The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making significant strides. Proving its resilience to the world, Indian M&E industry is on the cusp of a strong phase of growth, backed by rising consumer demand and improving advertising revenue.

According to a FICCI-EY report, the advertising to GDP ratio is expected to reach 0.4% by 2025 from 0.38% in 2019.

They are a advertising agency primary offering creative and media services. They create aMaagh Advertising IPOnd execute advertising campaigns across various media that help their clients business and brands grow. Also, they offer a complete range of designing, media and printing services.

The Promoter of this company is Miniboss Consultancy Private Limited and Azharuddin R.Mulla. The lead manager to the issue is INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED , and the Registrar to this issue is SATELLITE CORPORATE SERVICES PRIVATE LIMITED.

Maagh Advertising IPO Date

The opening of Maagh Advertising IPO will be on Sep 26, 2022 and the closing date Sep 29, 2022.

Maagh Advertising IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 26th Sept 0.00x 0.04x 0.02x
2nd Day – 27th Sept 0.05x 0.12x 0.09x
3rd Day – 28th Sept 0.22x 0.17x 0.20x
4th Day – 29th Sept 0.22x 0.29x 0.26x
Shares Offered or Net Issue 722,000 722,000 1,444,000

The shares subscribed by the public will be updated here.

Maagh Advertising IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Maagh Advertising Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization Oct 4, 2022
Refunds Initiation Oct 6, 2022
Credit of Shares to Demat Account Oct 7, 2022
Share Listing Date Oct 10, 2022

Maagh Advertising IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.60.

Maagh Advertising IPO Equity Size

This Initial Public Issue of 15,20,000 Equity Shares of Rs.10 each for cash at a price of Rs.60 per equity share aggregating to Rs.912.00 Lakh.

Maagh Advertising IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 14,44,000 Equity Shares of Rs.10. each.

Issue Size: 15,20,000 Equity Shares of Rs.10 each, aggregating to Rs. 912.00 Lakh.

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    Maagh Advertising IPO – Live Performance

    The listing date of this IPO is Oct 10, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Maagh Advertising Share Price

    Maagh Advertising IPO Grey Market Premium

    The Maagh Advertising Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 

    Maagh Advertising IPO – Company Overview

    They also rely heavily on third parties like material suppliers, designers, media providers and other service providers to help them meet their contractual obligations and provide services as required by their client.

    Also, they do not own any of the media and they do not keep inventory of any media on their own. They do media planning as per their clients requirements and timing of their requirements and accordingly proceed to buy media for their clients.

    They aim to generate results at pat with the expectation of their clients, through research, compelling creative works and strategic media planning.

    Then they believe in building long term relationships with their clients. They strive to measure success for their clients through increased brand awareness, impact on sales volume and other parameters mutually agreed with the clients.

    Maagh Advertising IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-22 31-Mar-21 Mar-20 31-Mar-19
    Total Assets 1076.3 1154.84 1340.96 1071.9
    *Total Revenue 1387.17 2455.42 5261 2989.6
    Total Expense 1286.48 2,269.92 5,072.79 2,833.30
    Profit After Tax 55.38 75.97 82.37 53.33

    Earnings per Equity Share (in Lakh)

    31-Dec-21 31-Mar-21 Mar-20 31-Mar-19
    Basic & Diluted 2.29 4.10 4.42 2.82


    Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-219 were Rs.55.38 Lakh, Rs.75.97 Lakh, and Rs.82.37 Lakh, and Rs. 53.33 Lakh respectively.

    Maagh Advertising IPO – Promoters

    The Promoter of this company is:

    1. Miniboss Consultancy Private Limited
    2. Azharuddin R. Mulla

    List of Related Parties (Key Managerial Personnel)

    • Sachin B. Devade, Chief Financial Officer
    • Nidhi Jaiswa, Company Secretary & Compliance Officer

    Maagh Advertising IPO – Promoters Holding

    • Pre Issue Share Holding – 99.95%
    • Pos Issue Share Holding – 53.63%

    Maagh IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 15,20,000 Equity Shares aggregating up to Rs. 912.00 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 76,000 Equity Shares aggregating up to Rs.45.60
    Net Issue to the Public Up to 14,44,000 Equity Shares aggregating up to Rs. 866.40
    Of which:
    Retail Investors Portion Not less than 50%
    Other than Retail Individual Investors Not more than 50%
     Equity Shares outstanding prior to the Issue 17,60,000 Equity Shares
     Equity Shares outstanding after the Issue 32,80,000 Equity Shares

    Maagh Advertising IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1.Purchase of Software

    2. Purchase of Media Inventory

    3. General Corporate Purposes

    Maagh Advertising IPO – Business Strategy

    • Investment in Technology
    • Increase the number of Client Relationships
    • Competitive Pricing

    Maagh Advertising IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Media Services
    • Creative Services:
    • Social Media Advertising:
    • Other Services:

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Dec -21 2.29 9.77 23.48
    31-Mar -21 4.10 19.37 21.18
    31-Mar-20 4.42 25.83
    31-Mar-19 2.82

    Maagh IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%)
    Maagh Advertising Limited Rs.10 20.07 2.99 12.36
    Listed Peers
    Pressman Advertising Limited 2 21.17 1.92 10.03
    Praveg Communications (India) Limited 10 28.55 6.62 44.36

    Maagh Advertising IPO Lead Managers

    Lead Managers
    2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
    Western Express Highway, Andheri (East) Mumbai – 400 069, Maharashtra
    Tel No: +91 22 4075 1500
    Fax No: +91 22 4075 1511
    Email: sme.ipo@inventuremerchantbanker.com
    Investor Grievance Email: redressal@inventuremerchantbanker.com
    Website: www.inventuremerchantbanker.com
    SEBI Registration No: INM000012003
    Contact Person: Arvind Gala

    Maagh Advertising IPO Registrar to offer

    Registrar to the Offer
    A 106 & 107, Dattani Plaza,East West Compound,
    Andheri Kurla Road, Safed Pool Sakinaka,
    Mumbai – 400072
    Tel No.: +91 22 28520461 / 28520462
    Email: service@satellitecorporate.com
    Website: www.satellitecorporate.com
    SEBI Registration No: INR000003639
    Contact Person: Michael Monteiro

    Maagh Advertising IPO – Other Details

    • Statutory Auditor – M/s. Piyush Kothari & Associates, Chartered Accountants.
    • Legal Counsel to the Company – DRC Legal & Associates
    • Bankers to the Company – Axis Bank Limited

    Maagh IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Maagh Advertising Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Maagh Advertising IPO Review FAQs

      Check out various FAQs related to Maagh IPO:

      What is the Issue Size of Maagh Advertising IPO?

      The Company is making an initial public offer of 15,20,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      What is the Price band of Maagh Advertising IPO?

      The price band for this particular IPO ranges between Rs. 60. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Maagh Advertising IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 26, 2022, while the closing date is set at Sep 29, 2022.

      What is the Maagh Advertising IPO Allotment Date?

      We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 4, 2022, refund initiation is on Oct 6, 2022, credit of shares is on Oct 7, 2022, and share listing date is on Oct 10, 2022.

      What is the Maagh Advertising IPO Listing Date?

      Shares of this company shall be listed in the exchanges Oct 10, 2022. The date, when the listing would be done, is stagnant on Oct 10, 2022.

      Who is the Registrar of Maagh Advertising IPO?

      One of the reputed registrars is managing the issue of this IPO, SATELLITE CORPORATE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Maagh Advertising IPO?

      Here are the promoters of this IPO – Miniboss Consultancy Private Limited and Azharuddin R. Mulla. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of Maagh Advertising IPO?

      We have obtained the GMP of this IPO and it is Rs. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Maagh Advertising IPO good for Investment?

      We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Maagh Advertising Company?

      We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-19 were Rs.55.38 Lakh, Rs.75.97 Lakh, and Rs.82.37 Lakh, and Rs. 53.33 Lakh respectively.

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